The Lao kip has continued its depreciation against foreign currencies, affecting the cost of living amid the Covid-19 pandemic. In recent months, a mismatch in supply and demand has increased the gap between official and parallel market currency rates, putting importers under pressure and increasing inflation. Official exchange rates set by the Bank of the Lao […]
Read MoreLaos will be able to export more coffee to the European Union (EU) states following the adoption of a new roadmap for exports. The roadmap is aimed at increasing productivity and sustainability in production and processing, while simultaneously enhancing the capacity of Lao exporters, improving the domestic economy and securing better lives for rural citizens. […]
Read MoreSurveyors are designing a route for a new expressway in Laos that will cut travel time between northern Thailand and southern China. Liu Jingwei, an official overseeing the project, said officials were surveying the route for the expressway that will connect Huayxai in Laos’ Bokeo province and Boten, the Lao town in Luang Namtha bordering […]
Read MoreAccording to the newest information from the Lao Trade Portal website, Laos posted a trade deficit of USD 54 million in May of this year. According to the report, Laos’ exports in May reached USD 425 million while imports were USD 479 million. Laos’ main export goods include copper ore, bananas, mixed gold (gold bars), cassava, […]
Read MoreThe Vietnamese automaker wants to engage Lao consumers through a local group. Lao Phongsubthavy Group Company would be the exclusive distributor of the Vietnamese automaker VinFast cars in Laos, according to a memorandum of understanding between the two sides. The signing ceremony of a memorandum of understanding between the Vietnamese automaker and Phongsubthavy Group Company […]
Read MoreThe government has extended the lockdown for another 15 days until July 4 but has eased some restrictions to alleviate the hardship caused by the Covid-19 outbreak and gradually normalise the situation. The Prime Minister’s Office on Saturday issued a notice extending virus prevention and control measures. However, the government will now allow tourist attractions […]
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Thailand
